Institutional Repository
Technical University of Crete
EN  |  EL



My Space

Multicriteria decision aid/analysis in finance

Spronk, Jaap, Steuer Ralph E., Zopounidis Konstantinos

Full record

Year 2016
Type of Item Book Chapter
Bibliographic Citation J. Spronk, R. Steuer and C. Zopounidis, "Multicriteria decision aid/analysis in finance," in Multiple Criteria Decision Analysis, vol. 233, International Series in Operations Research and Management Science, S. Greco, M. Ehrgott, J. Figueira, Eds., New York, NY: Springer, 2016, pp. 1011-1065. doi: 10.1007/978-1-4939-3094-4_24
Appears in Collections


Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multicriteria decision aid (MCDA), an advanced branch of operations research, provides financial decision makers and analysts with a wide range of methodologies well-suited for the complexity of modern financial decision making. The aim of this chapter is to provide an in-depth presentation of the contributions of MCDA in finance focusing on the methods used, applications, computation, and directions for future research.